BY GIFF JOHNSON
Marshall Islands Correspondent
MAJURO, Marshall Islands — While providing essential service to far-flung islands, the Marshall Islands government’s national air carrier has never been a business success since it was established in the early 1980s. From 2002 to 2015, audit reports show the airline lost an impressive $19.1 million — averaging nearly $1.4 million a year in operational losses over that 14-year period.
If the airline lost less than a million dollars, it seemed like a “good” year. In the meantime, the government has shelled out subsidies ranging from $1 million to . . .
This content is available only to subscribers. If you are a member, please log in.